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ATHENS, Greece (AP) -- Reeling from a vicious financial crisis that has cost them pensions and jobs, Greeks have been turning away in droves from the mainstream politicians they feel have let them down. Another political force is trying to tap the void, with blunt promises to "clean up" the country....

European leaders raised pressure on Greek Prime Minister Alexis Tsipras to re-engage, saying it’s down to his government to step back from the brink and stay in the euro.
With Greece under capital controls and banks closed, German Chancellor Angela Merkel and French President Francois Hollande offered no concessions beyond saying that they remained open to talks, even after the referendum on the EU’s aid proposal planned for July 5. European Commission head Jean-Claude Juncker said the “whole planet” would view a “no” vote as Greece turning its back on Europe.

Given that some two-thirds of Wall Street traders have never experienced a Fed tightening cycle, SocGen's Albert Edwards is not surprised he gets blank looks when he tries to explain how recent events in commodity and EM markets are in many key ways similar to the 1997 Asian crisis. SocGen's Albert Edwards explains...

The government … knew it was heading for a haircut and did nothing for these people, which I find hard to stomach
ATHENS — In the heat of a June night, Eleni Spanopoulou found her audience at an Athens hotel turning ugly. Mutiny and violence hung in the air.

Oh dear. The New York Times is covering the “cuckservative” phenomenon, which must have been a hard editorial decision — it’s impossible to talk about this while maintaining the paper’s famous sense of decorum. “The phrase has caught on among a segment of disaffected Republicans, some of whom hold white nationalist ideologies and who feel many of the party’s presidential candidates are not conservative enough,” explains writer Alan Rappeport.

Hong Kong (AFP) - The euro edged down marginally in early trade Monday and stock markets were mixed as European leaders presented Greece with a painful set of demands to secure a debt bailout or face a eurozone exit.

NEW DELHI: The S&P BSE Sensex plunged as much as 318 points in intraday trade on Monday, after Greece voted 'No' to harsh bailout conditions, raising risk of a full-blown crisis in the euro zone. Here is what top market experts feel about the aggravated Greece crisis: Shankar Sharma of First Global The 'No' vote is not a big surprise. Markets are not panicking but it is early to say that there is no risk to contagion from the Greece crisis. This is not such a big calamity. Markets had to some extent priced in the possibility of 'No'. James E.

Last weekend, we pointed out that while completely irrelevant if Varoufakis had "stuck Germany the finger" in whatever context, that the German media would have a field day with it. Little did we know the firestorm that the German press would unleash, and how obssessed Germany would become with the topic of the Greek finmin's middle finger (which he claimed was faked, and promptly a German spoof emerged that alleged that the video was indeed fake...